Ripple price (XRP/USD) appears stable above $0.67

Dimitar Bogdanov
June 7, 2018 2 min read

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The Ripple price (XRP/USD) has edged slightly higher on Thursday, as it has seemingly managed to stabilise above the $0.67 mark.

The digital currency saw some significant price volatility on Wednesday, especially in the afternoon, when it dropped from an intraday high of $0.681 to a low of $0.660. The digital coin managed to rebound towards the end of the session and finished the day at $0.674. Still, this was lower than the coin’s opening price of $0.677.

Ripple’s performance has been much more stable in today’s trading, as the token has held comfortably above the $0.67 level. The coin reached an intraday high of $0.688 earlier in the session, but has retreated to lower levels. At the time of writing, the Ripple price was hovering around $0.68, according to data from cryptocurrency tracker Coinmarketcap.

After seeing an uptick in trading volume earlier this week, Ripple has experienced subdued market activity over the past couple of sessions. Recent market data shows that Ripple’s 24-hour volume currently stands at $286.4 million.

Japanese crypto trading platform Bitbank remains the most popular destination for XRP trading, having captured just over 19% of all trades processed globally over the past 24 hours. The world’s second largest crypto exchange, Binance, ranks second with a 13.9% share, while its larger rival OKEx claim the third place with 11.7%. South Korea’s Bithumb exchange has also managed to capture a significant share of the global market activity – 10.9%.

In today’s trading, the Ripple price stood at $0.679, as of 16:30 BST. The digital coin has gained 0.7% in the past 24 hours, Coinmarketcap data shows. Its total market capitalisation currently stands at $26.6 billion, which makes Ripple the third-largest cryptocurrency on the market, behind Bitcoin (BTC) and Ethereum (ETH).

For further information on how to buy and trade Ripple, see our comprehensive Ripple guide.

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